IOP spikes like silly on worsening shortage

OMG, the premium IO products from the Nullagine JV and the Iron Valley lump products will see BCI rocket through the stratosphere now that the Chinese are running on IO fumes.

http://www.hellenicshippingnews.com/iron-ore-gains-as-chinese-buyers-seek-high-grade-cargoes/

Iron ore gains as Chinese buyers seek high-grade cargoes

Spot iron ore prices edged higher, supported by firm Chinese demand for high-grade cargoes that has cut stockpiles of the raw material at the country’s ports to the lowest since February.

Some sellers may be holding cargoes of iron ore, waiting for further price gains, before unloading them on to the market, traders said.